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09:16
NAVI Protocol incubates Premium Exchange ecosystem token PST, which will soon be launched
According to ChainCatcher, Sui Network developer Mysten Labs announced its long-term roadmap on June 16, aiming to build a foundational blockchain infrastructure that supports global value transfer and covers stablecoins, real-world assets (RWA), institutional-grade financial products, and privacy transaction scenarios.
09:16
Ali Charts: Bitcoin is in a long-term accumulation range, suggesting a strategy of gradual allocation.
Crypto analyst Ali Charts stated that the Bitcoin 200-week SMA is at $63,500, with the current trading price around $60,000, which is within a long-term accumulation range. Ali Charts believes it is possible to accumulate in batches within the $58,000 to $40,000 range, as Bitcoin may still decline to $54,000 or even $40,000.
09:14
Analyst: Bitcoin is Forming a Bottom, Presenting a Good Buying Opportunity
BlockBeats News, June 27th. Cryptocurrency analyst Ali Charts posted an article indicating that the Bitcoin chart signal shows the market bottom is forming, and the current period may be one of the best long-term entry points in the past decade. Over the past decade, the 200-week Simple Moving Average (SMA) has been a key benchmark for identifying Bitcoin's cyclical bottoms. Historically, whenever Bitcoin touches or falls below this moving average, it usually marks the beginning of a macro accumulation phase. For example, in August 2015, Bitcoin touched the 200-week SMA, leading to a bull market and a subsequent rise of over 8500%; in December 2018, after testing this moving average, it rebounded by 267%; during the liquidity crisis in March 2020, Bitcoin bounced back by 1125% after validating the 200-week SMA support; in June 2022, Bitcoin first fell below and consolidated below this average until December 2022, then rose by 680% upon reclaiming it. Currently, the Bitcoin 200-week SMA is at $63,500, while the Bitcoin trading price is around $60,000, slightly below this level. Based on the market history of the past decade, this is considered a major accumulation range for long-term investors. At the same time, it suggests that Bitcoin may still further drop to $54,000 or even $40,000. Therefore, it recommends staggered buying in the range of $58,000 to $40,000 to establish positions in a technical discount area. The key level to watch is $63,500. Once Bitcoin reclaims the 200-week SMA on high timeframes and confirms it as macro support, historically, this often signifies the early stages of a new bull market.
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